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To boost garment exports, Government declares measures

On exports of readymade garments and made-ups, the post-GST rates that will be used for taking rebate of state taxes and will come under Remission of State Levies (RoSL) and they have been communicated to boost garment exports. Under an export promotion scheme, the government also has increased the incentive rate to 4%- MEIS for […]

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India’s trade deficit in October: Exports fall

In October 2017, the commerce ministry released data that shows 1.12% fall in overall exports and by $14 billion, the trade deficit has widened. The industries like pharmaceuticals, leather, textiles, gems, and jewellery have been seen a fall in export and in the month of October, the overall export reached to $23 billion. The trade […]

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Things made easier for exporters by GST Council

In Hyderabad, the GST council had a meet, and on this meet, for export purposes, the rate of tax on goods that have been procured has been made 0.1%. The merchant exporters also will be charged 0.1% tax. As the payment of GST had to be done for inputs, the Council accepted two proposals, so […]

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For food exports packaging Government creating norms

For the export of food products, the government is currently working to create some new packaging standards. Now there are the rising concerns over food safety and health standards, so the Govt has taken this step. In developed markets, some Indian food products are rejected as they are not able to meet the norms of […]

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Rice Export

The exports of Q1 Basmati rice increase by 32%

After three years of downfall, the Basmati rice export of India showed a growth in the present fiscal. In the first three months of FY2017-18, is has been a 32% growth of the Basmati rice exports with a 25% hike in realization and a 7% increment in the volume of shipments. As the exports volumes […]

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Spices export

In the first quarter Spices export increases by 35%

In the first quarter, Indian spice exports increased by 35% of the fiscal year 2017-18 mainly because of large shipments of Chilli. In April-June 2017, in comparison with the same time period of the last fiscal year, the total exports of spices reached to 306990 tonnes from 227938 tonnes. With a shipment of 133000 tonnes, […]

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